By Kenneth Rapoza, CPA Industry Analyst By most measures, China is preparing for the future. The 2021 Government Work Report is a reminder of what China plans to do remain resilient and a dominant force in global supply chains. The best way to look at China’s annual Government Work Report is that it is Beijing’s…
By Michael StumoMarch 5, 2021InsideSources The past few years have seen a sea change in U.S. foreign policy. There is now bipartisan acknowledgment in Washington that China’s stunning rise to global preeminence has come at U.S. expense—and has cost the United States millions of good jobs along with critical manufacturing capacity. As a result, President…
By Kenneth Rapoza, CPA Industry Analyst As states lift lockdowns, pent up demand from consumers and businesses are driving imports. But the data shows that where we have yawning deficits — in things like pharmaceuticals with wealthy nations — there is an urgent need to reshore and reverse the current import trend. If not, we…
WASHINGTON — The Coalition for a Prosperous America (CPA) today highlighted how the January 2021 goods and services deficit reveals a serious, ongoing vulnerability in US industrial capacity. The data shows the US trade deficit rose in January to $68.2 billion. Alarmingly, imports increased by $3.4 billion to a total of $221.1 billion for January…
By Kenneth Rapoza, CPA Industry Analyst The Government Accountability Office says more can be done to stop forced labor goods from coming into US ports. Here’s a look at some American apparel makers who have sourced from companies that are currently banned by Customs. No one is saying they did it on purpose. But global…
By Kenneth Rapoza, CPA Industry Analyst Anthony Blinken: the US will build a “foreign policy for the middle class.” This will require a massive reindustrialization push, and a Biden administration willing to be at odds with multinational corporate interests that are increasingly global in nature. Did Secretary of State Anthony Blinken just make free traders,…
By Kenneth Rapoza, CPA Industry Analyst President Biden’s Executive Order on critical supply chains and their resiliency needs special attention to be placed on the mining and the recycling of key minerals used in electronics, electric car batteries and magnets used in defense navigational equipment. President Joe Biden issued an Executive Order last week to…
By Kenneth Rapoza, CPA Industry Analyst Shipping companies are preferring to send empty containers to Asia, in order to offload them and fill them with China goods bound for the US at a much higher price. Twenty-four Senators from farm states are now getting involved. Our new export to China: empty space inside a container…
By Kenneth Rapoza, CPA Industry Analyst With the exception of scolding China and threatening fines against companies doing business in Xinjiang — home to the Uyghur Muslims — many of our key allies from Canada to Europe do not see eye-to-eye with Washington on dealing with Beijing’s economic model. Even the WSJ and FT are…
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced its support for Katherine Tai’s nomination to serve as U.S. Trade Representative (USTR). CPA is the only national, bipartisan organization representing exclusively domestic producers across many sectors of the U.S. economy. CPA believes in working towards a new and positive U.S. trade policy that…
